Two-Building Restaurant
For Sale
$1,200,000
17400 Wolf Road, Orland Park, IL 60467
Both structures can accommodate drive-through service.
Property Size3,100 SF
Price / SF$387.10
Days on Market39
Property Features for 17400 Wolf Road
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$29,529
Building Details
Building Size
3,100 SF
Year Built
1959
Buildings
2
Stories
1
Units
2
Listing Agency:
JAB Real Estate, Inc.
Listed By:
Andreas Kladis
(773) 472-9600
Source:
Fishmangroup
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JAB Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property comprises two parcels with an existing restaurant building on each. The businesses currently operating on the sites are not part of the sale and are expected to leave soon. Both buildings can be adapted to include drive-through service. The property is offered in its present condition and carries COMMR zoning.
Key Highlights
- Two parcels with two existing restaurant buildings
- Drive‑through service can be added at both buildings
- COMMR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,894
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,880
$1.0M
Cap Rate 7%
$741,343
$741.3K
Cap Rate 9%
$576,600
$576.6K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$74.4K $24.00/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$69.2K $22.32/SF
− OpEx
−$17.3K −$5.58/SF
NOI
$51.9K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,880
Cap Rate 7%
$741,343
Cap Rate 9%
$576,600
Alternative Uses
Best Use
Specialty Retail
$741.3K
$648.7K – $864.9K
NOI $51,894 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.5K – $1.25M
NOI $74,920 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60467, IL
26,098
Population
10,055
Households
2.6
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
1,763
Density / Sq Mi
$109,329
Median Household Income
$63,685
Median Earnings
$2,202
Median Rent
$392,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Both structures can accommodate drive-through service.
Where is this conventional restaurant located?
The property is located at 17400 Wolf Road Orland Park, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two parcels with two existing restaurant buildings; Drive‑through service can be added at both buildings; COMMR zoning
